Embraer Announces LOIs for a Total of 65 New E-Jets E2

Embraer S.A. (NYSE: ERJ; BM & FBOVESPA: EMBR3) announced today that it has signed Letters of Intent (LOIs) with five undisclosed airlines from Africa, Asia, Europe and Latin America for 65 orders for the E-Jets E2.

“These LOIs demonstrate the appeal of the E-Jets E2 to deliver the economics and performance airlines around the world need as they approach the next decade,” said Paulo Cesar Silva, President and CEO, Embraer Commercial Aviation. “These contracts will be finalized in the coming months and I’m looking forward to even more E2 orders from other airlines and leasing companies.”

The E-Jets E2 represent Embraer’s commitment to continuously invest in the company’s line of commercial jets and maintain its leadership in the 70 to 130 seats market. The three new airplanes (E175-E2, E190-E2, E195-E2) carry the designator “E2” which signifies generational changes in technology that have been incorporated in the design. Each of the three aircraft has the versatility for a range of single class, multi-class or high-density seat capacities to suit operator requirements, with new ‘look and feel’ and improved comfort levels.

State-of-the-art engines in combination with new aerodynamically advanced wings, full fly-by-wire flight controls, and advancements in other systems will result in double-digit improvements in fuel burn, maintenance costs, emissions and external noise.

The first delivery of an E-Jets E2 (the E190-E2) is planned for the first semester of 2018. The E195-E2 is slated to enter service in 2019 and the E175-E2 in 2020. Over 950 E-Jets have been delivered to date. Currently, 65 customers from 47 countries have added Embraer E-Jets to their fleets.